Foreclosure Homes in Renton, WA

Current Market Conditions in Renton, WA

The Renton real estate market has been experiencing positive growth recently, fueled by demand for homes and new developments coming into the area. With a mix of single-family homes and condos, the inventory is varied, catering to different buyer preferences. Investors are particularly drawn to Renton's potential for appreciation, given its proximity to tech hubs and continued urban development.

Current trends reflect a steady increase in home prices, which have appreciated significantly over the past year due to low inventory and high demand. Renton is becoming increasingly popular among young professionals and families, leading to growth in rental properties and single-family homes.

Rent Prices In Renton, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Renton, WA, is on a rollercoaster ride. The average rent price in Renton, WA, is $2,020.00. Indeed, when looking to rent in Renton, WA, you can expect to pay as little as $900.00 or as much as $5,820.00, with the average rent median estimated to be $2,010.00. The good news is that finding an affordable and desirable property to rent in Renton, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.